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Russian Carrier Acquires Five Turboprop Planes

Situation

A major United States commercial airline was in the process of retiring aging commercial aircraft, including Saab 340B twin turboprops.

Result

We represented the airline in connection with the sale and secured financing of five aircraft to a Russian commercial air carrier. The transaction involved secured debt financing coupled with security assignments of operating leases, with each aircraft placed on the Bermuda registry and exported for operation in Russia.